Name: CDC issues a new eviction moratorium for renters
Uploaded: 2021-08-06
Duration: 4 min 46 s
Description: Fortune’s Megan Leonhardt outlines what you need to know.

Fortune’s Megan Leonhardt outlines what you need to know.

CDC issues a new eviction moratorium for renters

Briefing

Of the moratorium for addiction is a COVID initiative by the administration does plan to issue a new eviction moratorium. The White House is issuing a targeted ban on eviction. The eviction moratorium has been largely in place in some form or another since the epidemic started about late March 2020. But the CDC actually put a probably the most encompassing version of a eviction moratorium in place last september. And that's the one that we've heard so much about. This is the one that has had extensions over the past year, has sat there and it's been the most comprehensive in the fact that it's covered a majority of ventures. It's really been the sticking point for a lot of the conversation that we've heard Now that eviction moratorium was actually let lapse on July 31 and this was for a number of reasons. Certainly there have been, you know, a lot of lawsuits and legal challenges to this. So this was something where the C. D. C. Said we're not going to renew it, this is just going to be how it ends. But that of course caused a huge uproar both between lawmakers, housing advocates. You name it potentially because you had millions of renters who are going to be put in a very vulnerable position. And at a time when the adults a variant was surging across the US the GDP came out on August three and said that they were going to put a new eviction ban in place and this one was going to be a little bit different than the previous one in that they were going to be some geographic limitations. Now, what do we mean by that? We mean that it only really covers counties in the U. S. That are experiencing substantial or high levels of covid 19 teeth. So substantial case is basically where a county is being between 50 and 99 cases of COVID among a population of about 100,000. When we're talking about high cases, that means it's over 100 covid cases per 100,000 residents within a seven day period. Communities are only covered While they're experiencing this increased number of COVID cases and if the county has a decrease for 14 days, they're no longer covered by this eviction ban. So let's talk about who's covered. I want to make it very clear that if you were covered under the previous eviction ban and you do live in one of these counties that are experiencing these high covid rates, you're probably covered this time around too. So basically applies to folks who have applied for rental assistance. They've experienced some kind of loss in income or some kind of extraordinary medical expenses. These are folks who, you know, typically make less than $99,000 of course, a little bit under $200,000 if you're married and file jointly, renters need to have been trying or at least attempting to make partial payments and on time payments as much as they're able during this time, unless it, and most importantly in this case, there needs to be a clear case that these folks will end up being homeless or sharing close quarters with other folks if they were to be evicted. We saw a lot of lawmakers really advocating to continue to protect struggling renters. Perhaps most acutely with Cori Bush, we need the moratorium on evictions to happen today. Every single day that we wait thousands, hundreds of thousands of people are receiving um eviction notices and some of them are being put out on the street. Certainly, homelessness is already a problem in the US. We certainly see at the major cities like san Francisco, but this would potentially create a rebounding effect where we have something like millions of americans potentially at risk of being homeless any very short succession. So interestingly, the Census Bureau has asked this question over the last four months and their latest research finds that about 3.65 million folks actually believe that they will be evicted in the next couple of months keep in mind that the federal eviction ban is not the only eviction moratorium out there. Many local states and cities have their own eviction bans in place that have extended that a little bit longer. We're potentially have other guidance in place for renters. So we're going to see this issue continue to pop up again and again as we work our way through the pandemic and the economic impact of all of them.